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Showing 61 - 70 of 1387 results for "Licence"

Mulino wants PII to step up to make CSLR sustainable

KARREN VERGARA  |  MONDAY, 15 DEC 2025
... same length of time as they are required to maintain (Australian Financial Complaints Authority (AFCA) membership after licence cancellation, which is for at least 12 months. Shadow Financial Services Minister Pat Congaghan has slammed the CSLR for blowing ...

ASIC suspends MW Planning AFSL over missing responsible manager

MATTHEW WAI  |  FRIDAY, 12 DEC 2025
ASIC has suspended the Australian financial services licence (AFSL) of MW Planning, a subsidiary of MWL Financial Group, after it failed to appoint a new responsible manager. The AFSL is suspended until 8 June 2026. ASIC said MW Planning failed to fulfil ...

HESTA's admin move results in extra licence conditions

JAMIE WILLIAMSON  |  THURSDAY, 11 DEC 2025
APRA is imposing additional licence conditions on HESTA, finding it was inadequately prepared to effectively oversee and manage its recent administrator change. Earlier this year, HESTA switched administration providers, transitioning from MUFG to GROW ...

ASIC class relief for digital assets now effective

MATTHEW WAI  |  WEDNESDAY, 10 DEC 2025
... consultation proposing to mandate digital asset providers offering financial products to hold an Australian financial services licence (AFSL). Meanwhile, the ASIC Corporations (Amendment) Instrument 2025/871 - registered on the same day - amends the ...

Boman Group scores licence to expand China investments

RIDDHIMA TALWANI  |  TUESDAY, 9 DEC 2025
Melbourne-based Boman Group has been granted the Qualified Foreign Institutional Investor (QFII) licence by the China Securities Regulatory Commission, which will help it to expand its direct investments in China. The licence will allow its subsidiary ...

ASIC releases legal obligations for private credit funds

ELIZA BAVIN  |  TUESDAY, 9 DEC 2025
... adequate resources to provide those financial services; maintain competence to provide financial services covered by the licence; and have adequate risk management systems. Various provisions of the ASIC Act also apply, including the misleading or deceptive ...

Former ASIC supervisor joins crypto platform as operating chief

MATTHEW WAI  |  MONDAY, 1 DEC 2025
Coinbase Australia has welcomed a new chief operating officer, who previously spent over a decade at ASIC. Adam Judd has been named chief operating officer, effective today, joining from CommSec where he was most recently the executive manager, product ...

ASIC suspends Newcastle advice firm's AFSL over missing key person

MATTHEW WAI  |  FRIDAY, 28 NOV 2025
... alleges it has failed to comply with the obligation to "maintain the competence to provide the financial services" under the licence. ASIC explained that the key person condition is an important regulatory safeguard, stating that it is imposed where ...

Australian Ethical Super handed extra licence conditions

JAMIE WILLIAMSON  |  THURSDAY, 27 NOV 2025
... consistent with the best financial interests of members." As a result, the super fund has been slapped with additional licence conditions, under which it is required to appoint an independent third party to review and recommend improvements to the arrangement ...

ASIC to monitor union redundancy funds

ELIZA BAVIN  |  THURSDAY, 27 NOV 2025
... service leave funds - or employee entitlement schemes - will be required to apply for an Australian financial services licence (AFSL) and comply with some managed investment provisions of the Corporations Act. Following Consultation Paper 384 Employee ...